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Safety deposit boxes headed toward extinction at Chase

JPMorgan-Safety Deposit Boxes
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NEW YORK (AP) — You'll no longer be able to store your precious coins, jewelry and paperwork at JPMorgan Chase & Co., as the bank has stopped opening new safety deposit boxes for customers.

A spokesman for the bank said Chase decided late last year to stop offering new deposit boxes to customers as a "business decision" but declined to share specifics.

Customers who have a box with Chase will be able to keep the box as long as the branch stays open, but they will not be able to open a new one at another location.